Mayur Uniquoters reports a significant 22% year-over-year increase in revenue, with a 9% boost in consolidated revenue. The strong growth is attributed to increased exports to the US and Europe, along with stable raw materials costs contributing to increased profit before tax (PBT) and profit after tax (PAT).
Mayur Uniquoters Ltd
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Mayur Uniquoters' Q4 profit significantly increased by 43.2%, reaching ₹59.4 crore. This surge in profits led to a 14.4% rise in the stock price to ₹707.9, demonstrating strong investor optimism following the results.
Mayur Uniquoters plans for a significant increase in their export business, anticipating a growth of 15-20%, following a Rs.300 crore investment in expansion. This move is intended to strengthen their position in the global market.
NK Securities has offloaded approximately 3.1 lakh shares of Mayur Uniquoters at an average price of around Rs. 682 each, as per the latest trading records on NSE.
Mayur Uniquoters experiences a significant 73.4% increase in Q4 profit, reaching INR 607 million, while revenue climbs by 21.5% to INR 2.6 billion compared to the previous year.
Mayur Uniquoters has experienced a work stoppage at their Dhodsar plant since May 9, impacting one of its coating lines and causing a daily production loss of approximately 15,000 linear meters. Despite this setback, the company's other plants continue to operate normally.
Kiran Poddar has boosted their stake in Mayur Uniquoters Ltd, purchasing an additional 9,068 shares. This now gives the promoter group a controlling interest of 58.77% in the company.